1. Saving $300-400 to skip a home inspection can be a costly mistake. Individual home inspectors can provide a variety of information from the lifespan of systems and appliances to the conditions of structures invisible to the naked eye
2. Investigate all of your options and calculate the outcomes of all possible scenarios before you choose your mortgage. Compare interest rates, payment plans, and possible penalties.
3. When you are ready to select a mortgage plan, keep your credit in check. Even if you have good credit, you are much more likely to be turned down if you are have many other loans and debts. Postpone any other large purchases until after you buy your house.
4. You should never lie or exaggerate on your loan application since because you could end up with expensive monthly loans.
5. If you are ever behind on your payments, the worst thing you can do is ignore calls from and letters from your lender. Their responsibility is more than just to give you a warning; they have many options to help keep you from losing your home to foreclosure.
6. Keep all of your loan documents in a safe place, even after your last monthly payment.
1. Saving $300-400 to skip a home inspection can be a costly mistake. Individual home inspectors can provide a variety of information from the lifespan of systems and appliances to the conditions of structures invisible to the naked eye
2. Investigate all of your options and calculate the outcomes of all possible scenarios before you choose your mortgage. Compare interest rates, payment plans, and possible penalties.
3. When you are ready to select a mortgage plan, keep your credit in check. Even if you have good credit, you are much more likely to be turned down if you are have many other loans and debts. Postpone any other large purchases until after you buy your house.
4. You should never lie or exaggerate on your loan application since because you could end up with expensive monthly loans.
5. If you are ever behind on your payments, the worst thing you can do is ignore calls from and letters from your lender. Their responsibility is more than just to give you a warning; they have many options to help keep you from losing your home to foreclosure.
6. Keep all of your loan documents in a safe place, even after your last monthly payment.